Amkor Technology Announces Tender Offer for its 9.25% Senior Notes due 2016

Amkor Technology, Inc. AMKR today announced that it has commenced an offer to purchase for cash (the “Offer”) any and all of its outstanding 9.25% Senior Notes due 2016 (the “Notes”). The terms and conditions of the Offer are set forth in the Offer to Purchase dated May 17, 2011 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal”) to be distributed to holders of Notes. Amkor plans to fund the Offer with a portion of the proceeds of $400 million of additional senior unsecured debt financing. The “Tender Offer Consideration” for each $1,000 principal amount of the Notes tendered and accepted for payment pursuant to the Offer will be $1,040. Registered holders (“Holders”) of Notes that are validly tendered and not validly withdrawn on or before 5:00 p.m., New York City time, on May 31, 2011 (the “Early Tender Date”), and accepted for purchase will receive the Tender Offer Consideration plus $10 for each $1,000 principal amount of Notes (the “Early Tender Premium”, and together with the Tender Offer Consideration, $1,050 or the “Total Consideration”). Holders of Notes that are validly tendered after the Early Tender Date and not validly withdrawn on or before 11:59 p.m., New York City time, on June 14, 2011 (the “Expiration Date”) and accepted for purchase will receive only the Tender Offer Consideration. In addition to the Tender Offer Consideration or the Total Consideration, as the case may be, payable in respect of Notes accepted for purchase, Holders will receive accrued and unpaid interest on their purchased Notes from the last interest payment date up to, but excluding, the date of payment for purchased Notes.